Hungary Intrastat Adjustment

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Intrastat Update of Hungary

Hungary has updated the Intrastat declaration amount effective 1 January, 2024.

Intrastat is the system for collecting information and producing statistics on the trade in goods between countries of the European Union (EU). It began operation on 1 January 1993, when it replaced customs declarations as the source of trade statistics within the EU.

The revised thresholds are as follows:

Arrivals: HUF 270 million (approximately €705,000), up from HUF 250 million in 2023.

Dispatches: HUF 150 million (approximately €390,000), up from HUF 140 million in 2023.

When submitting data through the Intrastat electronic reporting form, various details are required, including commodity code, goods description, mode of transport, delivery terms, invoice value, countries of destination and origin, weight and/or quantity. Additional information has been mandated since January 2022, including the country of origin for dispatches and the VAT identification number of the recipient of the dispatched goods.

Hungary e-invoicing:

As a drive to mitigate VAT fraud, Hungary implemented a system of real-time, electronic reporting known as RTIR. From 1 July 2018, domestic B2B sales invoices with a minimum VAT amount of HUF 100 000 had to be reported. The threshold for domestic B2B invoice reporting was abolished on 1st July 2020, meaning all invoices relating to B2B transactions had to be submitted in real-time. This system was further expanded to include all B2B and B2C transactions, whether domestic or intra-community from April 2021 onwards. This means that all VAT-registered and resident taxpayers in Hungary must report their B2B and B2C transactions to the Hungarian Authorities (NAV).

Get help:

To navigate the complexities of registrations and e-invoicing, reach out to our Compliance and e-invoicing experts.